A top official says Iran is ready for a long war with the US and only economic pain will end it; Iran's Kharazi rules out diplomacy, according to CNN

A top official says Iran is ready for a long war with the US and only economic pain will end it; Iran's Kharazi rules out diplomacy, according to CNN.

Iran's statement about readiness for a prolonged conflict with the US, coupled with the dismissal of diplomatic solutions, signals a potentially escalated geopolitical tension. This could bolster demand for safe-haven assets like gold and the yen while weighing on risk assets and currencies like the USD and EUR due to uncertainties in energy supply and broader market stability.